President Joe Biden's budget proposal will propose raising taxes on companies and people earning over $400,000 a year. The Democratic leader wants to ensure the wealthy and large corporations pay their fair share while cutting wasteful spending on special interest interests, like Big Oil and Big Pharma.

The German company Adidas on Wednesday slashes dividends and shakes up its management. We ask what will happen to the billions of dollars’ worth of remaining Yeezy gear left over from its former partnership with Ye (yay) or Kanye West.

The Dutch government says it'll restrict the export of certain types of equipment used to make microchips or semiconductors because of security concerns. This comes after pressure from the United States to get the Netherlands to restrict China's access to high- end chip technology.

The head of the US central bank has said interest rates may go higher than previously expected to stabilise prices. The recent strong economic data means the Fed needs to adopt a more aggressive policy.

The White House is supporting a bipartisan bill in Congress that will give President Biden new powers to ban the Chinese-owned app, TikTok, and other foreign technologies that could pose security threats. The legislation comes after US government officials were banned from installing TikTok on their devices in January.

Elon Musk has apologised to a Twitter worker after he initially sacked him on his platform. It followed an exchange about the employees work which went viral. Mr Musk said there had been a misunderstanding.

We are looking close at the National People's Congress (NPC), a rubber-stamp parliament, which is due to confirm President Xi Jinping's third term.

The 'Two Sessions' as they are known, are the annual meetings of the National People's Congress and the Chinese People's Political Consultative Committee. From a business and economics point of view, it's where the big decisions are rubber-stamped.

It's where Xi Jinping will be officially elected President, as we've just heard the new Premier - Li Qiang - will also be unveiled, and there's been an increase in military spending by more than 7%. From a World Business Report point of view, though, the crucial announcement that caught our eye was a 5% growth target for the next year. That's China's lowest target for more than three decades.

(Picture: Great Hall of the People and Tiananmen Square. Picture Credit: Getty Images)

For the first time since Covid restrictions eased, thousands of delegates will gather in Beijing over the weekend for the annual National People's Congress.

The meeting will set out some of the key goals for the world's second largest economy, with the biggest government reshuffle in a decade expected.

Discussions are also expected to be held around continued trade tensions with the US and challenges for businesses as the country reopens.

(Picture: People cross a street near office towers in the Lujiazui financial district, ahead of the National People's Congress (NPC), in Shanghai, China, February 28, 2023. Credit: REUTERS/Aly Song TPX IMAGES OF THE DAY)

As the country awaits funding from the IMF, the Pakistani rupee hit a historic low against the dollar while the Central Bank hiked interest rates to 20%, the highest in Asia.

Foreign exchange reserves at the State Bank of Pakistan have dropped to levels not enough to cover a month of imports.

The government hope that by bringing in new tariffs and taxes, the latest wave of IMF funding will be released.

As the country awaits funding from the IMF, the Pakistani rupee hit a historic low against the dollar while the Central Bank hiked interest rates to 20%, the highest in Asia.

Foreign exchange reserves at the State Bank of Pakistan have dropped to levels not enough to cover a month of imports.

The government hope that by bringing in new tariffs and taxes, the latest wave of IMF funding will be released.

(Picture: A Pakistani stockbroker monitors the latest share prices development during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, 01 March 2023. Credit: Photo by REHAN KHAN/EPA-EFE/REX/Shutterstock)

Sri Lanka workers defy strike ban to protest IMF bailout plan which is hitting their wallets. President Ranil Wickremesinghe is facing a public backlash over steep tax increases and spending cuts imposed to secure the IMF funding.

Drug giant Eli Lilly has announced a $35 cap on the monthly costs patients face for insulin in the US, responding to outcry over the soaring cost of the diabetes medication.

(Picture: Man in yellow raincoat walking through tea plantation in Sri Lanka. Picture Credit: Getty Images)

Hot on the heels of the US and Canada - the European Parliament announced it was banning its MEPs and their staff from using TikTok on official devices and strongly advised them to delete it from the personal ones. The popular video-sharing app is owned by Chinese tech firm ByteDance and has become the focus of mounting security and data protection fears.

(Picture: US And EU Ban TikTok From Staff Mobile Devices. Picture Credit: Getty Images)

Florida Governor Ron DeSantis warned people to "buckle up" as he signed a bill giving the state control over Disney's sprawling Orlando theme parks.

The bill strips power uniquely held by Disney for over 50 years and enables more oversight by Mr DeSantis' Republican-led legislature.

The move is seen as retaliation after Disney opposed state laws curtailing gender and sexuality education.

(Picture: Walt Disney World Resort Reopening. Picture Credit: Getty Images)

On 24 February 2022, Vladimir Putin sent troops into Ukraine, hoping to take over the country in a matter of days.

More than a year has passed, and the consequences of war are still being felt around the world - particularly regarding fuel.

How have businesses in Europe, reliant on Russia's gas and oil, adapted to limited access to energy resources?

(Picture: KRAKOW, POLAND - FEBRUARY 24: A person puts a candle near the Russian consulate on the 1st anniversary of the war in Ukraine, in Krakow, Poland on February 24, 2023. Picture Credit: Getty Images).